­Russian stocks closed in the red Tuesday amid a negative global background and uncertainties ahead of meetings by the European Central Bank and the Fed. The MICEX dropped 0.9% and the RTS declined 0.7%.

Doubts about bold action by the ECB weighed down European stocks Tuesday, while disappointing earnings reports from oil group BP and Swiss bank UBS also left investors wary. The Stoxx Europe 600 dropped 1%, while the Spanish IBEX 35 declined 1% and Italy’s FTSE MIB dropped 0.6%.

U.S. stocks fell Tuesday on investor worries that the Fed won’t introduce major stimulus measures at its Wednesday policy meeting. The Dow Jones fell 0.5% and the S&P 500 declined 0.5%, while the Nasdaq lost 0.2%.